City of Deerfield Beach Purchase Assistance Program

Special Alert

Maximum Purchase Price


Contact Info: 325 N.M 2nd Ave, Deerfield Beach, FL 33411


Completed applications are accepted by appointment only. Please contact DBFE at 954-425-8449, Ext. 113 to schedule an appointment for application submission. Only completed applications with all applicable required documentation will be accepted. Eligible applicants will be selected in the order in which they have been Income Certified. Funds will only be reserved after an executed purchase contract is received. Should your income change after you were determined income eligible and assistance has not been provided, your program eligibility will have to be recertified. Applicants who have received assistance from the City previously and have an existing purchase assistance mortgage (2nd lien) on their property will not be eligible for additional assistance if they are currently within their affordability period. No Yield Spread Premiums Permitted. Buyer cannot own any other property at the time of application.

Credit Score Requirements

Based on 1st mortgage requirements.

Deferred Payments?

Yes, for 15 years

Accepted First Mortgage Type:

Freddie Mac, Freddie Mac HFA Advantage, Freddie Mac Home Possible, Fannie Mae, Fannie Mae HFA Preferred, Fannie Mae HomeReady, FHA 203(b), VA, USDA / RD

Homeowners Education Class:


Is Forgivable?

Deferred, forgivable second loan. Term of loan is based on the amount of assistance received: Under $14,999 = 5 years; $15,000 – $40,000 = 10 years; over $40,000 = 15 years.


Deerfield Beach Property must be within the City of Deerfield Beach, FL.

Income Limitations:

Yes, based on Compliance Income (including household income) Income limits from HUD 2023 120% AMI guidelines Income cannot exceed 120% Area Median Income (AMI). (Our program model reflects the highest income limit allowed)

Maximum Assistance

$70,000 The maximum amount of down payment and closing cost assistance per applicant is $70,000.

Education Requirements Info:

Eligible Property Types:

Single Family Detached Condo Townhome/PUD

Income By Household Size:

HH1HH2HH3HH4HH5HH6HH7HH8 $80,640$92,160$103,680$115,200$124,440$133,680$142,920$152,160 *Income limits as of 06/01/2023

Qualifying Ratios:

Housing Ratio: Up To 35% Total DTI: Up To 45% 35% / 45% Maximum (Before considering subsidy from the City of Deerfield Beach).